The North Shore real estate market in 2022 was unprecedented in many ways. As compared to 2021, the number of detached single-family home sales went down by 25% which is a sharp drop, but given that 2021 saw an all-time high number of sales, the 2022 number was about average. Market time on the other hand went down by 28% to create a new all-time low of 47 days, and median prices went up 9% Continue Reading
North Shore Market Report: 3rd Quarter of 2022
The number of North Shore homes sales in the 3rd quarter of 2022 was down 33% as compared to the 3rd quarter of 2021. Market time was down 27% and median prices were up 10%. Overall, it was an exceptional quarter for North Shore home sellers. While the number of sales was down 33%, that was due to the small inventory. Last year’s record low market time went even lower, and prices went Continue Reading
North Shore Market Report: 1st Half of 2022
July 8, 2022 Dear Friends, Last year at this time my market report showed record breaking statistics for North Shore single family home sales as the market in 2021 was exceptionally strong. This year the market has again been exceptionally strong in the first half of the year. In fact, the average market time dropped another 37% to just 52 days. Median prices went up 8% this year after a Continue Reading
North Shore Market Report: 1st Quarter of 2022
The number of home sales in the North Shore decreased by 7% in the first quarter of 2022. The median sale price was up 9% and the average market time decreased by 31%. The strong seller’s market that we saw in 2021 has continued into 2022. Here are the statistics: Number of Homes Sales Average Market Continue Reading
North Shore Market Report for 2021
The North Shore real estate market in 2021 was exceptionally strong. As compared to 2020, which was also a strong year, the number of detached single-family home sales went up by 12%, median prices went up 11%, and market times dropped 46%. The flight to the suburbs, which started in 2020, continued in 2021 and led to an incredible year for North Shore Sellers. Here are the Continue Reading
North Shore Market Report: 3rd Quarter of 2021
The number of North Shore homes sales in the 3rd quarter of 2021 was down 3% as compared to the 3rd quarter of 2020. Market time was down an amazing 62% and median prices were up 9%. Overall, it was an exceptional quarter for North Shore home sales. While the number of sales was down 3%, it was still a great number. It just so happens that the 3rd quarter of 2020 had a huge number of sales since Continue Reading
North Shore Market Report: 1st Half of 2021
North Shore single family home sales went up 48% in the first half of 2021. Market times decreased by 43%, and median prices increased by 21%. We have been doing these reports for over 25 years and we have never seen stats like these. It was an amazing first half of the year. Now it is true that the first half of 2020 was a slower market due to the beginning of the covid pandemic. Nevertheless, Continue Reading
North Shore Market Report: 1st Quarter of 2021
The number of home sales in the North Shore increased by 18% in the first quarter of 2020. The median sale price was up 15% and the average market time decreased by 34%. Yes, it was a very strong first quarter. Here are the statistics: Number of Homes Sales Average Market Continue Reading
North Shore Market Report for 2020
The North Shore real estate market in 2020 started slow due to the pandemic, but then rebounded and had a very strong year. As compared to 2019, the number of detached single-family home sales went up by 25%, median prices went up 8%, and market times stayed the same. This broke the pattern of sideways movement that we had seen since 2015. These strong numbers were not the case across all of Continue Reading
North Shore Market Report: 3rd Quarter of 2020
Given the record-breaking number of homes that went under contract in the North Shore this summer, I strongly suspected we would also have a record-breaking number of closed sales in the 3rd quarter, and in fact we did. The number of North Shore home sales in the 3rd quarter of 2020 was up an amazing 45% from the 3rd quarter of 2019. Market time was up 24%, and median prices were up 8%. North Continue Reading
